The National Bank of Belgium (NBB) released its business survey on Thursday. The business climate declined to -6.8 in September from -5.1 in August, missing forecasts for a fall to -5.3. It was the third consecutive decline.

3 of 4 indicators declined in September.

The business climate index for the manufacturing sector dropped to -8.7 in September from -8.0 in August due to less favourable assessments of total order books.

The business climate index for the services sector was down to 3.3 in September from 11.8 in August due to less optimistic outlook about current levels of activity.

The business climate index for the building sector decreased to -9.0 in September from -8.3 in August due to a drop in new orders.

The business climate index for the trade sector rose to -6.5 in September from -8.0 in August due to more favourable assessments of orders.